कोशिश गोल्ड - मुक्त
IndusInd hits trust deficit wall
Mint New Delhi
|March 12, 2025
Severe blow The IndusInd Bank stock has significantly underperformed the Nifty Bank index in the past six months.
It takes years to build trust, but just seconds to break it. No one knows this better than IndusInd Bank Ltd's investors as they see the bank's stock crumble amid back-to-back negative developments.
On Monday, after market hours, the private sector lender informed the stock exchanges about discrepancies in its derivatives portfolio. This pertains to transactions done in the past 5-7 fiscal years (FY24 and earlier). Investors dragged the stock down more than 25% on Tuesday.
"A negative derivatives' disclosure has the potential to unnerve investors more than a back-dated NPL disclosure," wrote Nuvama Research analysts in a 10 March report.
IndusInd's internal review estimates an impact of 2.35% on its net worth as of December due to the discrepancies. This would mean a post-tax earnings impact of ₹1,600 crore.
यह कहानी Mint New Delhi के March 12, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
क्या आप पहले से ही ग्राहक हैं? साइन इन करें
Mint New Delhi से और कहानियाँ
Mint New Delhi
IT’s Big Five brace for FY27 pain from AI, weak demand
Just three months into the fiscal year, and analysts are already questioning whether Indian information technology's (IT) Big Five can meet the full-year guidance they had laid out in April after Accenture Plc fell short of expectations.
3 mins
June 23, 2026
Mint New Delhi
US FDA sends SOS to Indian firms for critical cancer drugs
The US Food and Drug Administration (US FDA) has reached out to Indian pharmaceutical manufacturers for a critical cancer medicine that is in short supply, according to two Indian government officials and a document reviewed by Mint.
3 mins
June 23, 2026
Mint New Delhi
Zombie unicorns are haunting Silicon Valley
FANTASTIC BEASTS roam Silicon Valley. Locals are familiar with the unicorn, a startup valued at more than $1bn, the centaur (worth $100m) and the decacorn ($10bn).
2 mins
June 23, 2026
Mint New Delhi
Meta takes a bite of Cred, Shah to steer WhatsApp
$900 mn investment for 20% stake; Shah to quit as CEO of Cred for global role
3 mins
June 23, 2026
Mint New Delhi
Retail F&O may have lost ₹1 tn despite Sebi curbs
Despite a slew of regulatory measures to curb unbridled retail speculation, losses incurred by individual traders in equity derivatives (largely options) are likely to have remained elevated in fiscal year 2026 (FY26), per two brokers who submitted client-level profit and loss ledgers to the Securities and Exchange Board of India (Sebi) this April.
3 mins
June 23, 2026
Mint New Delhi
Greenspan, Fed legend until 2008 crisis, no more
Alan Greenspan, the Federal Reserve chairman proclaimed a wizard for guiding a then-record US economic expansion, only to see his lustre dimmed by the financial crisis that erupted less than two years after he stepped down, has died. He was 100.
3 mins
June 23, 2026
Mint New Delhi
Rupee falls 34 paise against US dollar
The rupee depreciated 30 paise to close at 94.63 against the US dollar on Monday, weighed down by the strength of the American currency in the overseas market.
1 min
June 23, 2026
Mint New Delhi
As war with U.S. eases, Iran steps up hangings of dissidents
In the days before Iran’s regime hanged Nasser Bakerzadeh, the 26-year-old spoke of the normal life he would never return to.
4 mins
June 23, 2026
Mint New Delhi
Interface eyes majority stake sale at $300 mn valuation
Interface Auto, a manufacturer of auto electronic components, is in the early stages of exploring a majority stake sale that would value the company at up to $300 million (₹2,830 crore), three people familiar with the matter said.
1 min
June 23, 2026
Mint New Delhi
JSW Infra eyes ₹7,503 cr via QIP
JSW Infrastructure Ltd on Monday launched a qualified institutional placement (QIP), along with an offer for sale by its promoter, to raise up to ₹7,503 crore (around $794 million), showed a term sheet and placement document reviewed by Mint.
1 mins
June 23, 2026
Listen
Translate
Change font size